<t>if the structurers do this thing subconsciously then this would not be a problem because the lemons will be distributed among the derivatives.Being a devils advocate here ....But in a world where volume is king and such products are sold off (i.e., not on the structure's books), surely there is i...

Has anyone read the famous by Arora et al. on computational complexity and financial derivatives. I'd like other people's thoughts.If you do a search for 'computational complexity and financial derivatives', it should come up on google.

When an institution buys MBS and CMOs, is the price negotiated or fixed by the seller? How does the rating information (AAA) used to price the security or set the yield?

Got it. Thank you.

can you tell me what information can they get on each mortgage. Can they figure out what mortgage is in a specific MBS and CMO?

How does the coupon get calculated for the MBS and CMO? how does teh credit risk of the mortgage get addressed in the valuation?

<t>I am trying to understand MBS and would like to know what investors in MBS and CMO see at the time of purchase of these securities. For example, Fannie Mae has a MBS certificate. Is that all that an investor in the Fannie Mae MBS gets to see or does the investor get more information on the underl...

<t>I am trying to understand MBS and would like to know what investors in MBS and CMO see at the time of purchase of these securities. For example, Fannie Mae has a MBS certificate. Is that all that an investor in the Fannie Mae MBS gets to see or does the investor get more information on the underl...

Does any of the top companies provide for internship for credits where I can try solve one of their problems while studing at a university.

<t>i heard there are some companies in philladelphia. I would suggest Charlotte. i was there two weeks ago and met some Wachovia associates and thought Charlotte was great. The 5pm traffic was easier than Charlottesville (a town of 50 000 in Va) at 5pm. Perhaps I got there on a lucky day when traffi...

just to clarify, i am neither in a MFE program or work in the field.Numerical analysis will be another good class to take.

<r>I presume they would want two to three years of calculus, one semester of differential equation as well a basic class in probability and statistics. I guess you would have had 2 to 3 years of calculus in your civil engineering degree and some sort of differential equation class. If you do not hav...

what is a "academically-oriented research quant job at an ibank"?

yes, but in the famous word of a mathematician "Cuius rei demonstrationem mirabilem sane detexi. Hanc marginis exiguitas non caperet." QuoteOriginally posted by: muxControlcan you please provide a proof

my statement is not wrong. I didn't say right before, but it does come before the many very statement lol3 yrs of age does come before 10 years of age.